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20121201
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yea in the southern philippines. a massive typhoon washed away houses, levelled buildings, triggering landslides as well. at least 274 people are now dead. that number could go even higher because hundreds of people who are still missing. the misery not yet over. the storm is expected to continue to dump heavy rain in philippines until tomorrow. >>> to iran where officials claim they have gotten some damning information from that u.s. drone they say they captured. the information that the iranians say now proves that the u.s. was spying on iran's military sites and its oil terminals. the u.s. has been trying to block iran's oil exports as part of an effort to get iran to give up it's nuke program, but as for the drone, a defense official says no u.s. navy drone is missing. >>> we're about to take you live to cairo. that is where riot police are bracing now for another night of violent street fighting, tear gas all over the city today. this week crowds of egyptians have now stormed the presidential palace, breaking through fences, fighting with security forces, trying to keep them back
.s. allies, japan, south korea condemn the action. philippines, where the rocket landed 200 miles off its shore protested. japan is particularly upset because it flew over the okinawa islands where there is large u.s. presence. south korea is calling for more u.s. sanctions. the most important, china, they are saying want a moderate and prudent response. may well go to the u.n. security council this morning. back to you. martha: so how important is it for north korea's missile regime, missile program i should say they were able to launch this weapon successfully? they have seen several failures in the past? >> reporter: well it is a major scientific achievement if you look at it on that level even though a lot of their people are starving in the country. from what the experts are saying they're still a long way off from being able to fire a ballistic missile with a nuclear warhead. there is problems with the heat from reentry, things like that. but it's, they are moving towards that ballistic missile which could threaten in the future the u.s. mainland. but it does seem a political succes
on the fed. i wouldn't wipe out capital losses because central banks were in the philippines from their central bank had a huge negative equity. the central banks can go on without necessarily having a positive equity. secondly, they have all sorts of tools that they can theoretically use, other than having to unwind their balance sheet. they can increase reserve ratios that they can increase interest rates they pay out excess reserves and so on. so they have a lot of control out there, which makes me less worried about the fed ellen sheets. not that i approved of what they were doing recently. but i think they can get out of there fairly easily. >> i would just add that the president had this massive undertaking, you know, in almost a desperate wickets at the underlying problem. this is a fiscal policy issue and we have an absolute lack of leadership. this fact of the tax policy, much of which has been in place for over a decade is a completely congressionally made thing in congress and the president had refused to work on it until now. so likewise they refuse to substantively ta
Search Results 0 to 2 of about 3

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